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john boehner is meeting with president obama at the white house. we have new signs today that the gop's support is crumbling. and they called it the crime of the century. five young men convicted of a heinous assault in new york's central park. the only problem sfwh they didn't do it. >>> once a juvenile is broken down, you can basically tell him anything. and, you know, they fed me the names. >> my interview with the central park five, a powerful story of injustice and fighting for what's right. you're watching po ining "polit nation" on msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerew
john boehner is meeting with president obama at the white house. we have new signs today that the gop's support is crumbling. and they called it the crime of the century. five young men convicted of a heinous assault in new york's central park. the only problem sfwh they didn't do it. >>> once a juvenile is broken down, you can basically tell him anything. and, you know, they fed me the names. >> my interview with the central park five, a powerful story of injustice and fighting...
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but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for anything. it is already spent with the post office and fha bailout. does the white house privately acknowledge this point? do they understand how big the deficit is verse thus small amount of money? >> of course they understand it. i don't accept what you just said, ryan. >> you can't debate math. >> well, you called it punitive. and i -- >> i i'm just wondering if that's what it is at this point? >> i don't think it is. look, the white house negotiated a deal with republicans last year to cut a trillion dollars out of discretionary spending. they are looking for a $4 trillion deal. that's one-fourth of t
but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for...
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those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge
those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here....
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boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our...
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jenna: so that's senator durbin responding to also what congressman boehner, speaker boehner said last hour. we brought that to you live as well. there's a lot of back and forth about what's happening in congress right now, where are we with the fiscal cliff negotiations based on these two pressers, it's fair to say probably not close to a negotiation. watch it, by the way, streaming at foxnews.com live, so you can check out for that. now we have a rare opportunity for you. just coming in to us on the newsroom, we have a phoner from aleppo, syria. a friend of the show, we've talked to him before when he came back stateside is in aleppo right now, and he's going to tell us a little bit about what's happening on the ground. barak, can you describe what's happening in that city? >> basically, the rebels hold part of the city, and the regime holds the other part of the city, and the regime shells -- [inaudible] you hear jets in the sky. and it's very, very difficult right now for the civilians to lead a regular life. one man told me today he -- [inaudible] 20 days. people respect having, a
jenna: so that's senator durbin responding to also what congressman boehner, speaker boehner said last hour. we brought that to you live as well. there's a lot of back and forth about what's happening in congress right now, where are we with the fiscal cliff negotiations based on these two pressers, it's fair to say probably not close to a negotiation. watch it, by the way, streaming at foxnews.com live, so you can check out for that. now we have a rare opportunity for you. just coming in to us...
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and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they want either way. this is trufrustrating republic. when i talk to republicans privately, they say this is hugest from trags. the speaker has put $800 billion on the table and said he would go higher than if the president would come along with spending cuts. >> how high are you hearing? >> it's unclear. i think he's just signaling a willingness which many republicans tell me will also end up being a move on the tax rates. but he can't go there with his caucus, unless he has the spending cuts that he can sell $800 billion in revenue, and we're going to get you $800 billion in spending cuts. democrats don't
and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they...
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they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office budget to comply with the government line across the board spending cuts if there is no fiscal cliff deal. dealing with those cuts might force some action. that's going to be necessary. the stalemate right now is genuine. president obama wants republicans to commit publicly to raising income tax rates on the top 2% of households. republicans want the president to commit to spending cuts. then they'll talk about raising taxes next year in the context of tax reform but neither side trusts each other's motives or willingness to cut a deal. that lack of trust as well as a lack of shared history of cutting deals is what's blocking progress and preventing a compro
they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office budget to comply with the government line across the board spending cuts if...
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boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't the government agencies. it wasn't fema. it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to na
boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't...
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the staff of both the white house and house republicans are in touch, but speaker boehner said about his sunday conversation with president obama that it was cordial, and then he said about his tuesday conversation with the president that it was deliberate and frank. so you -- it doesn't take too much to read between the lines there to show you that things are not going that well. they have exchanged another set of counteroffers to no avail, and still at this point there is this impasse over tax rates. the white house, president obama saying that the income tax rate for earnings over a quarter million dollars must go up. republicans saying no and accusing the president of not being specific about spending cuts and entitlement reforms, reform medicare, medicaid and social security. >> so let me ask you a question about this report that we're hearing that the obama administration might be looking at a republican to succeed the defense secretary, leon panetta. who is on that list at this point? >> reporter: yeah, that's right. this is former nebraska senator chuck hagel, a republican. s
the staff of both the white house and house republicans are in touch, but speaker boehner said about his sunday conversation with president obama that it was cordial, and then he said about his tuesday conversation with the president that it was deliberate and frank. so you -- it doesn't take too much to read between the lines there to show you that things are not going that well. they have exchanged another set of counteroffers to no avail, and still at this point there is this impasse over...
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>> want to know about john boehner? >> sure. >> do we have the boehner sound bite? roll it. >> the president and i had a deliberate call yesterday and we spoke honestly and openly about the differences that we face. but the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> we can bring a bill to the floor that the republicans don't have to vote for except for 25. hi to do it as speaker. do you know what it was like for me to bring a bill to the floor to fund the war in iraq? it's tough. but you have to do it. is the point you don't want to put your members on the spot, figure it out. we did. figure it out. >> figure it out, richard, when both sides are dealing with each other in good faith and i think it's important to note that the president was at one point $6 trillion. he's at $1.4 trillion. that ain't nothing. i think that requires john boehner, if we're playing in good faith to publicly go from 800 to 1. send a message and have the battles that we were talking about, michael was talking about, how are you going
>> want to know about john boehner? >> sure. >> do we have the boehner sound bite? roll it. >> the president and i had a deliberate call yesterday and we spoke honestly and openly about the differences that we face. but the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> we can bring a bill to the floor that the republicans don't have to vote for except for 25. hi to do it as speaker. do you know what it was like...
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boehner is holding the line. it's interesting, new fox news poll came out yesterday and people were asked, if income taxes do go up on the top 2% or whatever, should the president agree to make major spending cuts as well? look at that gigantic number. about 90% say yes. only the hard liners, 9%, say no. >> yeah. yeah. that's encouraging and that's more evidence that the president's claim to some sort of broad mandate to hike all taxes, not just income taxes, is not there. and look, look at the medical device tax. now you've got all of these democratic senators who voted into place running from it, screaming bloody murder! they're finally getting the message and i think this really should bolster the tax reform. >> gretchen: it also show that americans realize that just increasing taxes does not fix the problem that america has right now. and what we're passing on to the next generation focusly. real quickly, your thoughts on going green means going broke for some schools. please explain. >> yeah. big energy scam
boehner is holding the line. it's interesting, new fox news poll came out yesterday and people were asked, if income taxes do go up on the top 2% or whatever, should the president agree to make major spending cuts as well? look at that gigantic number. about 90% say yes. only the hard liners, 9%, say no. >> yeah. yeah. that's encouraging and that's more evidence that the president's claim to some sort of broad mandate to hike all taxes, not just income taxes, is not there. and look, look...
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for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we just want to get this done. >> my styist would not be happy with this look. >> your stylist has got a lot of work to do. that's not your problem right there. oil prices are hanging around $86 a barrel while gold prices are tumbling following the fed delayed decision to push ahead with another round of stimulus measures. guy wolf, let's look at the trading block here. different markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cme. as i said, a cnbc contributocon. guy, i'll start with you. i just referenced and we had jas
for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we...
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house speaker john boehner is warning his fellow republicans not to make any christmas plans and tea party conservatives are in no mood to negotiate on tax hikes. >> i tell them come to me after you've gotten rid of all the spending. come to me when you get rid of the $3 million you spent last year to watch monkeys on methamphetamine. come to me after you pay for the money you spent on watching a robotic squirrel. >> tracie potts is live with the latest. >> reporter: good morning. no movement to report in the fiscal cliff. we can tell that you across the country mayors and governors are becoming increasingly concerned about the impact back home. there's growing angst on capitol hill over the fiscal cliff. >> figure it out. >> it's really time to get serious. >> reporter: mayors are getting nervous. >> congress needs to act immediately. >> reporter: and the public is worried. in our new nbc/"wall street journal" poll, 70% of democrats and 59% of republicans urge compromise. the country is evenly split over whether that will happen. republicans rejected president obama's latest plan to
house speaker john boehner is warning his fellow republicans not to make any christmas plans and tea party conservatives are in no mood to negotiate on tax hikes. >> i tell them come to me after you've gotten rid of all the spending. come to me when you get rid of the $3 million you spent last year to watch monkeys on methamphetamine. come to me after you pay for the money you spent on watching a robotic squirrel. >> tracie potts is live with the latest. >> reporter: good...
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speaker boehner and the president are still talking, but while the speaker characterized his conversation with the president sunday as cordial, he described his conversation tuesday as frank and deliberate, so decipher that and you realize things that in the last couple of days have deteriorated. both the white house and the speaker were asked about reports that the discussion on tuesday was intense, and that's something that the white house didn't dispute. >> i'd simply say that we confirmed the call. one in a series of conversations as well as a meeting, as you know, recently the president has had with the speaker aimed towards the effort of trying to find some common ground on this important issue. >> i didn't say it was tense. listen, there were some offers that were exchanged back and forth yesterday. the president and i had a pretty frank conversation about just how far apart we are. >> now, the bottom line here, sozoraida zoraida, the president is saying income tax rates for anything over a quarter of a million dollars must increase and the republicans saying no and accusing the wh
speaker boehner and the president are still talking, but while the speaker characterized his conversation with the president sunday as cordial, he described his conversation tuesday as frank and deliberate, so decipher that and you realize things that in the last couple of days have deteriorated. both the white house and the speaker were asked about reports that the discussion on tuesday was intense, and that's something that the white house didn't dispute. >> i'd simply say that we...
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boehner was their leader ostensibly. eric cantor is not undermining boehner in any way. we also have a different context politically. the house republicans maintained the majority but lost seats. i think they realize they can't go through these type of standoffs and continue to hold on to power. they also have cover, importantly, i think, from conservative commentators who are saying, maybe, this isn't the best time to start demanding no rate hikes. i think when the cultures step out there and give you that type of cover, that does give a lot of leeway and it does quiet some of the louder tea party members of the caucus. >> as i said, they had exactly one senator with them today. let's listen to how tough rand ball wants to play this thing. let's listen to this. >> my suggestion to them has been, and i've talked to several members, and you can ask them too, i think we should put forward what we are for. if it gets beyond that and something is going to happen, i think we should encourage those in the house to vote present. let the democrats own this tax increase and it co
boehner was their leader ostensibly. eric cantor is not undermining boehner in any way. we also have a different context politically. the house republicans maintained the majority but lost seats. i think they realize they can't go through these type of standoffs and continue to hold on to power. they also have cover, importantly, i think, from conservative commentators who are saying, maybe, this isn't the best time to start demanding no rate hikes. i think when the cultures step out there and...
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the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and, anderson, pope benedict xvi blessed his followers in his first tweet. he has nearly 1 million followers on this english twitter page alone. and has many other accounts in several other languages. some say he is the coolest pope in history. >>> a former u.s.afghanistan. now, his parents fear he may die in a mexican prison. after a surfing trip that's turned into a nightmare. johnny hammar's story just ahead. from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him,
the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>>...
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maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and get a hell of a lot more than the old rates under bill clinton. why not go to 42%? why not go to 45% for people who make over $10 million a year? i mean, do we really want to solve this? do we really want sacrifice? or do we just want to take our toe and put it in the lake and see if it's still cold out? come on, folks. these lawmakers in washington need some pressure put on them. we need to go higher than 39.6%. we need to go to at least 42% for the wealthiest americans making over a million dollars a year and tell bain their is the way it's going to be, o
maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and...
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you win for now, boehner. >> bill: "the o'reilly factor" is on. tonight violence breaks out in michigan over the state giving workers the option not to join unions. we'll show you how the networks covered this intense story. >> are you going to be able to raise taxes, yes or no? >> taxes are going to go up one with acor the other. >> bill: miss walters will be here and dennis miller will have some thoughts on the situation. >> we're young -- >> bill: anger growing over new tv program that mocks white people in west virginia. >> whatever happens happens. >> bill: caution, you are about to enter the no spin zone. "the factor" begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching. violence in michigan. that is the subject of this evening's talking points memo. last night i opined that hate speech is a vie lint act because it incites people to harm the target of the speech. now we're seeing speech leading to actual physical violence in michigan. the issue is a new state law that allows michigan work force legally opt out of joining a u
you win for now, boehner. >> bill: "the o'reilly factor" is on. tonight violence breaks out in michigan over the state giving workers the option not to join unions. we'll show you how the networks covered this intense story. >> are you going to be able to raise taxes, yes or no? >> taxes are going to go up one with acor the other. >> bill: miss walters will be here and dennis miller will have some thoughts on the situation. >> we're young -- >>...
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. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret negotiations. i really wish we could have avoided it. but this was the strategy of the democratic leadership in the senate, and they carried it out for almost three years -- over two years now. >> all right, you said in your op-ed today, and i want to quote you directly. you said, in part, washington has become possessed by the idea that a small group of negotiators, meeting in secret, can solve the deep, painful, and systemic problems plaguing this country with a single grand bargain, produced at the 59th minute of the 11th hour. this is a siren song. i suppose the question would be then, what makes you think, senator, that a larger group of lawmakers, say congress, would be able to do any better, given the unbea
. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret negotiations. i really wish we could have avoided it. but this was the strategy of the democratic leadership in the senate, and...
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>>> john boehner is telling lawmakers not to make christmas plans. the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and pope benedict xvi blessed his followers in his first tweet today. he now has one million followers on this twitter page alone and many more account in several other languages. some saying that he's the coolest pope in history. >> isha, thank you. >>> a former u.s. marine served iraq and afghanistan and now his parents fear that he may die in a mexican prison. they are pleading for his safe return after what was a surfing trip. johnny hammar's story just ahead. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right
>>> john boehner is telling lawmakers not to make christmas plans. the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016....
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that was sign that the republican leadership is backing up boehner who says there is no deal yet and the president is not moving yet. >> bill: okay. we'll bring it back next week. >> thank you. >> bill: i like the pocket hankie. we have a new poll question. do you believe "the factor"'s christmas controversy coverage is accurate or overblown? we'll give you the results on monday on that. plenty more ahead as "the factor" moves along this evening. barbara walters interviewed president obama yesterday. we'll debrief her on the chat. dennis miller has some things to say about miss walters' most fascinating people list. we hope you'll stay tuned for that report and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? [ engine revs ] ♪ ♪ [ male announcer ] t
that was sign that the republican leadership is backing up boehner who says there is no deal yet and the president is not moving yet. >> bill: okay. we'll bring it back next week. >> thank you. >> bill: i like the pocket hankie. we have a new poll question. do you believe "the factor"'s christmas controversy coverage is accurate or overblown? we'll give you the results on monday on that. plenty more ahead as "the factor" moves along this evening. barbara...
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maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lou: joining me now is the a-time, suzanne we start with you, is this going to be a deal or are speaker boehner and president obama wasting our time? the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent c
maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus which includes...
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that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house, 100 senators are going to be told to stay here during that christmas week leading up to new year's? >> reporter: it is entirely possible. what leaders have done in the past, even as recently as last week, is sent home rank and file members while the leaders stayed and negotiated. but as we get closer to the holidays, it's entirely possible, even maybe probable that they will keep everybody here in case they actually do get a bill and they will be able to pass it fast. we know that when things move, they actually move very quickly and en there's a will to get out of here, particularly as
that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house,...
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speaker boehner's approval rating is taking a beating. the top tax rates that is a core issue for republicans, even though we are hearing from more of them, a handful of members in both the house and senate talking about the likely hood that that will in fact happen. the highest earners will pay more. that would likely be the last piece of the puzzle in a negotiation. i'm hearing from people in both sides say expect this to keep going and a likelihood if a deal is achievable it will happen close to the deadline seems to be the thinking. they are telling everybody to be prepared to be here during the holidays. we are hearing that as well. there is sort of a resignation that it's going to be a long process. >> thank you, kelly. great le appreciate it. the national political reporter for the atlantic democratic strategist keith bicycle in. amy stoddard, associate editor for the hill paper. thank you all for joining us. let me start off with you. we are going to show our audience later the headlines or a couple of the headlines out there. if
speaker boehner's approval rating is taking a beating. the top tax rates that is a core issue for republicans, even though we are hearing from more of them, a handful of members in both the house and senate talking about the likely hood that that will in fact happen. the highest earners will pay more. that would likely be the last piece of the puzzle in a negotiation. i'm hearing from people in both sides say expect this to keep going and a likelihood if a deal is achievable it will happen...
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crisis better, 49% support president obama and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i need help. >> three kids? >> yeah. >> how old are your kids, 23, 18, and 11. >> what do you tell them when they see the economy in front of them and hear all this fighting in washington about the fiscal cliff. you've been looking for a job for more than six months now. are you more optimistic or less than things will turn around next year? >> i believe it's going to turn around. it will probably take a little time, but i think it will. >> you need the government to help now until that happens? >> yes, i definitely do. >> you just had a baby. congratulations. >> thank you. >> are you concerned about your kid's f
crisis better, 49% support president obama and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i...
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and the hard truth is speaker boehner has a difficult task. i believe that he will succeed in bringing his conference around. >> reporter: so a bit of optimism from a leading house democrat there, jon. jon: optimism is in short supply these days. we'll take all of it that we can get i guess. mike emanuel, thanks. >> reporter: thank you, jon. jenna: we're following breaking developments in michigan where governor rick snyder signed two bills into law last night making michigan the 24th right-to-work state. the laws ban unions requiring workers to pay dues or when hired pay equivalent of the dues. here is governor snyder from a news conference last night. >> i view this as an opportunity to stand up for michigan's workers, to be pro-worker, to say here opportunity to give workers a choice, the freedom to choose who they associate with and whether they pay financial dollars to organizations they may not believe are serving their best interests. hopefully those organizations are, and they see value and sign up and pay those dollars. but if they do
and the hard truth is speaker boehner has a difficult task. i believe that he will succeed in bringing his conference around. >> reporter: so a bit of optimism from a leading house democrat there, jon. jon: optimism is in short supply these days. we'll take all of it that we can get i guess. mike emanuel, thanks. >> reporter: thank you, jon. jenna: we're following breaking developments in michigan where governor rick snyder signed two bills into law last night making michigan the...
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john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change the conversation from taxes to cuts. what do they want? >> well, they want entitlement reform and what we've seen is that the white house has moved a little bit. the president seems to be open to some form of entitlement reform, maybe not what john boehner wants, but they have said in the last couple of days that they will do corporate tax reform. so we are seeing some movement from the white house, but nothing yet from the house republicans. >> all right. john boehner just came to the microphone. he's just met with his caucus. let's see if he has anything new
john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change...
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boehner tuesday. before boehner took to the house floor to criticize the president. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal cliff deal would be l cli wrapped in time for christmas. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: speaker boehner is meeting at this hour with house republicans. despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the ho
boehner tuesday. before boehner took to the house floor to criticize the president. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse...
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we have learned the president and house speaker john boehner have traded new proposal affecting every american's wallets, specifically whether our taxes go up at year's end. jake tapper has the new details. >> reporter: president obama minced no words in an exclusive interview with abc's barbara walters. >> taxes are going to go up one way or another. and i think the key is to make sure that taxes go up on high-end individuals, like you and me, barbara. we can afford it. >> reporter: the president told barbara walters, he remains optimistic. >> are we going to go over the fiscal cliff? >> i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect taxes for high-income individuals. >> reporter: the president and house speaker john boehner are at least talking. the president made an offer monday, asking for $1.4 trillion in new taxes over ten years. including raising tax rates on the wealthy. the speaker counter on tuesday. offering $800 billion in new tax revenue, all from closing loopholes and limiting deductions. house republicans say they need
we have learned the president and house speaker john boehner have traded new proposal affecting every american's wallets, specifically whether our taxes go up at year's end. jake tapper has the new details. >> reporter: president obama minced no words in an exclusive interview with abc's barbara walters. >> taxes are going to go up one way or another. and i think the key is to make sure that taxes go up on high-end individuals, like you and me, barbara. we can afford it. >>...
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speaker boehner commenting earlier this hour about the fiscal cliff negotiations. let's listen. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and as planned, does not begin to solve our debt crisis. it actually increases spending. >> joined now by an incoming member of the senate, jeff flake, representing arizona's sixth district. good morning. glad to have you. >> thanks for having me on. >> awfully tough to get a read this morning. a lot of the public commentary has been critical, as you know. but we are seeing signs that at least the talks are progressing. we've got counteroffers going back and forth. are you more or less optimistic than you were, say, last week? >> i've gone back and forth week to week. thinking we'll get a deal. then we won't. today, i think it's probably just better than 50/50 that we get a deal. it likely won't be until after christmas. >> yeah, the calendar -- that seems to be the issue right now. you're running out of time to get it done this year. >> it looks like it
speaker boehner commenting earlier this hour about the fiscal cliff negotiations. let's listen. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and as planned, does not begin to solve our debt crisis. it actually increases spending. >> joined now by an incoming member of the senate, jeff flake, representing arizona's sixth district. good morning. glad to have you. >> thanks for having me on. >>...
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john boehner says the white house is dragging its feet. here is what he said. let's play a chunk. >> where are the president's spending cuts? the longer the white house doesn't move on this the closer we get to the fiscal cliff. >> he says the president is slow walking. the president did an interview with abc news. what the president said to barbara walters. >> we have no make sure middle class taxes don't go up on january 1st. i'm confident that republicans wouldn't hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> he said he's fine to go over the fiscal cliff. all of those reasons would be reasons to say maybe we're not close to a deal on that do you think he'll get a deal before the end of the year? you are the optimistic one in the relationship here, or will we get one before you go off for christmas break? >> some type of deal. may not have a complete deal. but this issue of tax cuts for those earning less than 250,000, we will get that done. that is something we all agree on. and there may very well be parts of thi
john boehner says the white house is dragging its feet. here is what he said. let's play a chunk. >> where are the president's spending cuts? the longer the white house doesn't move on this the closer we get to the fiscal cliff. >> he says the president is slow walking. the president did an interview with abc news. what the president said to barbara walters. >> we have no make sure middle class taxes don't go up on january 1st. i'm confident that republicans wouldn't hold...
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boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of tha
boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off....
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to which boehner replied, whatever times infinity. to which obama replied, damn, he went for infinity it will? it is like chirp, you have to admit. also the good news is, i hear they are making progress. i think good news. who knows. behind the scenes. it's in front of the cameras when they choose to show they're not making progress. >> steve: they don't want to tip their hands. they want to make it seem like they're going for the biggest deal as possible. >> gretchen: if only it weren't so serious for the future of our nation and our children. >> brian: can i name drop? >> steve: go ahead. >> brian: jane krakowski. >> steve: she's phone feet away. -- ten feet away. she's been to the show many, many times. >> gretchen: she has. i like your shoes. >> thank you. >> brian: i cannot figure out -- >> steve: that says christmas. >> brian: who has been on more, jane or shaquille o'neal. >> steve: jane. >> brian: very similar question. laci peterson let's do a couple -- >> gretchen: let's do a couple headlines. the man charged with killing et
to which boehner replied, whatever times infinity. to which obama replied, damn, he went for infinity it will? it is like chirp, you have to admit. also the good news is, i hear they are making progress. i think good news. who knows. behind the scenes. it's in front of the cameras when they choose to show they're not making progress. >> steve: they don't want to tip their hands. they want to make it seem like they're going for the biggest deal as possible. >> gretchen: if only it...
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president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed spending cuts by the presi
president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he...
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boehner then responded, saying, "i've sent the president our proposal. if he doesn't like our plan, he should come back with a plan of his own." obama responded to that saying, "maybe i will." [ laughter ] which boehner replied, "maybe i will." and mr. obama replied "whatever." mr. boehner replied "whatever times infinity," to which obama replied, "damn, infinity. you win for now." >>> if only it were that simple. well, it is 12/12/12, and over a dozen superstars will be getting together for this huge sandy relief concert. this will be massive and will be broadcast to over 2 billion homes worldwide, making it the most widely distributed music event in history. the lineup just as huge -- bon jovi, kanye west, paul mccartney, bruce springsteen, many, many more. it's going to be pretty incredible. >>> so, in absolutely shocking news -- i know you'll be floored about this one, dylan -- a reality series is being sued for staging events, allegedly, in the show. ame's "storage wars" is accused of planting valuable and unusual items on the show. a former cast me
boehner then responded, saying, "i've sent the president our proposal. if he doesn't like our plan, he should come back with a plan of his own." obama responded to that saying, "maybe i will." [ laughter ] which boehner replied, "maybe i will." and mr. obama replied "whatever." mr. boehner replied "whatever times infinity," to which obama replied, "damn, infinity. you win for now." >>> if only it were that simple. well, it is...
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more fiscal cliff talks between president obama and house speaker john boehner. what could this mean for the deadline as it approaches? the story, coming up. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. [ male announcer ] to l
more fiscal cliff talks between president obama and house speaker john boehner. what could this mean for the deadline as it approaches? the story, coming up. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. i have a...
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boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program, operation twist, is set to expire at the end of the month. cnbc will begin at 12:00 p.m. eastern. >>> joining us is stewart richardson, partner at rpmg. the press conference -- we'll hear a fresh round of stimulus from the fed. how significant would that be? >> in my mind it's not that significant. i think as optics, people think this is another addition to the stimulus. the fact is that the fed for months and months and months when they go out to purchase longer term treasuries, they're trying to reduce the supply of those in the market and effectively swap sh
boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program,...
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we know president obama and house speaker boehner sat down for a no cameras meeting over the weekend. the competing offers come after both sides aired sharp differences on the house floor. watch. >> where are the president's spending cuts? the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors would have to pay in to a medicare and what age that would happen. while the republicans refuse to touch one hair on the head of a the wealthiest people in our country. >> when it comes to taxes the top senate republicans said it was time for his party to give in and move on. >> what the president is trying to the achieve on the top two tax rates, you know, he can get by doing nothing. the law is certainly stacked in his favor. >> sharing the view a tack increase is all but inevitable. >> senator coburn is joining us now. you have said the tax rates are going up on the wealthiest 2% of a americans. it sounds li
we know president obama and house speaker boehner sat down for a no cameras meeting over the weekend. the competing offers come after both sides aired sharp differences on the house floor. watch. >> where are the president's spending cuts? the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors...
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. >> there seems to be a strange disconnect between speaker boehner and the president. when you compare it to tip o'neill and ronald reagan or newt gingrich in the second term of bill clinton. both told me, clinton and gingrich, they would get in a room, throw out the advisers and thrash out a deal. >> maybe they began that an sunday. i have the feeling that if you really left it to the president and the speaker, obama and boehner, they could work it out. they got forces behind both that will try to separate them, but that's where their leadership comes into play. look, this country -- i'd rather be an american economically poised for the future than a citizen of any other country in the world. what's standing in the way of us really surging economically is the government, and if we can get together and adopt a bipartisan long-term debt reduction plan, i think our economy's going to take off. >> i want to get into foreign policy now. you are the three amigos, the experts in this genre. i want to talk about the middle east exploding that you've hinted at and also benghaz
. >> there seems to be a strange disconnect between speaker boehner and the president. when you compare it to tip o'neill and ronald reagan or newt gingrich in the second term of bill clinton. both told me, clinton and gingrich, they would get in a room, throw out the advisers and thrash out a deal. >> maybe they began that an sunday. i have the feeling that if you really left it to the president and the speaker, obama and boehner, they could work it out. they got forces behind both...
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they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the end of the day and the end of the day is december 31, to come up with a final deal. and i think it only gets worse for the republicans. look, they w
they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal...
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speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti tiltment. i'm suggesting. it is a game of chicken. neither party can afford this kind of recession. after what we've been through we can't take it. if that meanstending the tax cuts so be it. let me accept your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do
speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on...
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and president obama and boehner have spoken at this time. quote, we sent the white house a counteroffer that would achieve reform to solve our looming debt crisis and create more jobs. that's all we know. dana milbank, they say it's good. they said it will solve our problems. they won't say what it is. explain. >> well, look, we're still in the fairly early stage of posturing here, and nobody can strike a deal until they get closer to it, until their feet are to the fire. >> when do you say the fire begins? >> nobody can make any prediction for sure -- >> try. >> they could hammer this out in three hours if they really wanted to. >> that's right. >> but if they don't wait until the very end of december or even go over the cliff -- >> i think it's 21. i'm going to bet on -- what's your hunch about this, ron reagan? you're here -- i think they're going to try to get it done by christmas just for efficiency's sake and not to scare the horses. that's the thought i have. i may be conservative about this. >> yeah, i think you're right, they'd like
and president obama and boehner have spoken at this time. quote, we sent the white house a counteroffer that would achieve reform to solve our looming debt crisis and create more jobs. that's all we know. dana milbank, they say it's good. they said it will solve our problems. they won't say what it is. explain. >> well, look, we're still in the fairly early stage of posturing here, and nobody can strike a deal until they get closer to it, until their feet are to the fire. >> when do...
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speaker boehner has to run for speaker again next year. he's got to get these republicans to a deal and then he's got to get himself re-elected as speaker. he doesn't want to lose his conference, right? he's got to manage that at the same time he's doing this negotiation. he went to the house floor today and said that the president has not been public enough with spending cuts. the speaker really sending a ignal there, i think, to the white house, saying, hey, put some spending cuts on the table here and maybe we can start to deal. but right now, i'm in a lot of political pain up here on capitol hill. >> let's get the market context in all of this, with this, a little bit of give and take, eamon, we're seeing the s&p futures up by a third of a percent. at the market highs of the day, prior to when senator reid threw some cold water on hopes that they're inching closer to a deal here. so, in the after hours, it is interpreted as being a positive development in if fiscal cliff negotiations. >> and it was -- >> that's right. >> it was all day
speaker boehner has to run for speaker again next year. he's got to get these republicans to a deal and then he's got to get himself re-elected as speaker. he doesn't want to lose his conference, right? he's got to manage that at the same time he's doing this negotiation. he went to the house floor today and said that the president has not been public enough with spending cuts. the speaker really sending a ignal there, i think, to the white house, saying, hey, put some spending cuts on the...
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it's president and boehner. so the rest of ru russian us arg on sending messages by coming to your show. >> neil: the message i got is that you are not near a deal. is that accurate? >> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was saying, you know, boehner is wrong. >> you have to reach to find encouraging news right now. everybody thinks we are going to get together and not let the country go over the fiscal cliff, which, of course, in all common sense and sanity that's what we would do. we have to act. we're on automatic here. you know that. right now i can feel the contrary happening. in both caucuses and the senate, people are beginning to to the inside interest groups so the democrats say don't touch entitlement programs and republicans say i won't support -- >
it's president and boehner. so the rest of ru russian us arg on sending messages by coming to your show. >> neil: the message i got is that you are not near a deal. is that accurate? >> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was...
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>> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly where that revenue comes from, we don't know if it
>> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting...
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house speaker john boehner saying he wants the president to get serious. he wants a counter offer to the republican offer. there's been no noticeable movement on this in the last couple weeks, and for republicans, and the chairman, he says, look, republicans have bent on taxes. >> in some form or fashion, it's written into current law, unless he changes his mind and as an epiphany he'll have tax revenues, not destaining my best efforts in getting it. >> the president, unlike any other party in the negotiations, put forward detailed spending cuts as well as detailed revenue proposals. >> that's where they are stuck. republicans say want spending cuts in exchange for $800 billion in increased revenue, and the democrats in the white house say we need to know from you, republicans, what spending cuts are on the table, but first thing to do is raise revenue and rates on those earning more than $250,000 a year, and, guys, we are getting close to the point now where congress has to write a bill or agreement they reach, getting down to the wire here. not like you
house speaker john boehner saying he wants the president to get serious. he wants a counter offer to the republican offer. there's been no noticeable movement on this in the last couple weeks, and for republicans, and the chairman, he says, look, republicans have bent on taxes. >> in some form or fashion, it's written into current law, unless he changes his mind and as an epiphany he'll have tax revenues, not destaining my best efforts in getting it. >> the president, unlike any...
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earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together towards the best possible solution. that means cutting spending. now, the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> joining us right now, republican senator from georgia, johnny isakson, good to have you on the program. thanks for joining us. john boehner saying he wants to see spending cut proposals on the table. where specifically would you like to see those cuts come from. >> first of all, entitlements are $2 out of $3 we spend, $2.7 trillion a year. they need to be reformed. over time you can save a lot of money without taking away what people have paid for in terms of social security and medicare. we have to cut discretionary spending. i will tell you discret
earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together towards the best possible solution. that means cutting spending. now, the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the...
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we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat pr
we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move...
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>>> president and speaker boehner agreed that loose lips sink ships until today. it is tuesday, december 11th, and this is "now." >>> joining us today political analyst and washington bureau chief for more jones david korn and communications director and an msnbc political analyst karen finish where i politico executive editor jim van dehigh, and chief national correspondent for the morning times magazine mark rubavich. >>> over at the white house president obama has no public events scheduled. meanwhile, over in michigan thousands of union members and supporters are protesting at the state capitol building in lancing. the state, which is the heart of the united autoworkers and ground zero for union rights is poised to sign a major anti-labor bill into law today. the president weighed in on that, speaking yesterday in redford. >> these right to work clause, they don't have anything with economics. they have everything to do with politics. what they're really talking about is giving you the right to work for less money. america is not going to compete based on low
>>> president and speaker boehner agreed that loose lips sink ships until today. it is tuesday, december 11th, and this is "now." >>> joining us today political analyst and washington bureau chief for more jones david korn and communications director and an msnbc political analyst karen finish where i politico executive editor jim van dehigh, and chief national correspondent for the morning times magazine mark rubavich. >>> over at the white house president...